As the average basket value still shows a negative performance a minimum dividend of 2% was posted but is there hope for more?
The basket could survive the turbulent period on the WSE at the end of July and even progress a little bit (http://lemurinvest.blogspot.com).
To recapitulate there are six shares in the basket (AIC or now AIG, BNT both shares quoted on the AVIX, then HCL, RDX, SLM and AMA quoted on the WSE).
For AIG and BNT there is little to say as financial reports are not available. We see the engagement of JT-Financials positively and are confident that both titles have development potential.
Are HCL under valued if we consider the outlook which Luke gives in his interview?
http://www.sloz.info/2007/08/05/interview-two-lukeconnell-vandeverre-world-stock-exchange/
We don’t know the answer but HCL is considered in our basket, so we are prepared.
SLM and AMA have only minor influence in the basket but nevertheless could resist all turbulences.
In summary, we keep confident that LFB is aiming towards a maximum dividend of 7%. When will we reach this barrier?
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI)
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